Greece
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Yiannis Stournaras

Varoufakis Exposes Tsipras' Plans, While Still in Opposition

"The first thing I will do as prime minister is to demand Stοurnaras' resignation. If need be, I will drag him screaming from the central bank," Greek Prime Minister Alexis Tsipras said about Bank of Greece Governor Yiannis Stournaras in...

Greek Central Bank Warns of a New MoU in 2018; Lowers Growth Estimate

The Governor of the Bank of Greece Yiannis Stournaras, warned of the possibility of a new Memorandum of Understanding (MOU) with the country’s creditors if initiatives are not taken by Greece’s partners to resolve the country's debt. Presenting the annual...

"Clarity" on Greece's Debt Still Not that Clear: The Economist Conference (Videos)

Representatives of the Greek government, the Institutions and private investors all agreed that clarity is essential for Greece's economic recovery; however the term seems to be having different meanings according to who is using it. The only thing that's clear...

BoG Governor Stournaras: Debt Settlement a Prerequisite for Recovery

Bank of Greece governor Yiannis Stournaras underlined the significant progress of the Greek economy since 2010 and the correction of the imbalances. Stournaras was addressing on Wednesday an Economist conference held in Frankfurt. "It is a unique progress without precedent in...

BoG Chief: Greece's Pension System Is Bankrupt, Reforms Necessary

Greece's current pension system is bankrupt and in need of reforms, such as raising the age of retirement to 70, said Bank of Greece Governor Yiannis Stournaras on Thursday. Speaking during an Economist conference on private insurance, Stournaras said that,...

BoG: Greek Economy Could Grow by 2.5% in 2017

The Greek economy could grow by 2.5 % this year on conditions, the Bank of Greece said in its Annual Report, presented by governor Yiannis Stournaras on Friday. Based on current data, the country's primary surplus in 2016 is expected...

BoG's Yiannis Stournaras Reiterates Need to Swiftly Conclude Second Program Review

Bank of Greece governor Yiannis Stournaras reiterated on Wednesday the need to conclude the second program review as a necessary condition for economic recovery, during a speech at an event of the Wharton Club of Greece in Athens, titled...

EU-IMF Disagreement Puts Greek Economy at Risk, BoG Chief Says

The "serious disagreement between the IMF and European institutions" puts the chances of Greece's economic recovery at risk, said Bank of Greece governor Yiannis Stournaras on Monday. Stournaras spoke about the Greek economy at the American-Hellenic Chamber of Commerce conference...

Yiannis Stournaras Says Greek Banking System Shielded and Views Greek Economy as Positive

Bank of Greece governor Yiannis Stournaras said the Greek banking system is shielded from developments at Deutsche Bank and there is no reason for concern. The BoG governor made this statement following a meeting with Prime Minister Alexis Tsipras...

Stournaras: BoG’s Relations with the Government were Never Soured

Relations between the Bank of Greece (BoG) and the government were never soured, BoG Governor Yiannis Stournaras told journalists after a meeting with Prime Minister Alexis Tsipras on Saturday. Talks between the two focused on the Greek banking system and developments...